The aim of the paper is to develop a new approach to inflation based on Manes circuit of capital and the structural price equation which is hown to be simultaneously determined with the circuit equation. The feedback effect of any disequilibrium in the circuit has some important consequences for...

The aim of this paper is to discuss the crisis of the international financial system and the necessity of reforming it by new anchor or benchmark for the international currency, a money-commodity. The need for understanding the definition of a numéraire is a first necessity. Although most...

The central hypothesis to be tested is the relevance of gold in the determination of the value of the US dollar as an international reserve currency after 1971. In the first section the market value of the US dollar is analysed by looking at new forms of value (financial derivative products),...

A look at M. G. Dagenais' contributions (1969, 1973) on threshold regression models and at chapter 9 of S.M. Goldfeld and R.E. Quandt's book (1972) concerning switching regression models suggested to me that a new approach to estimating the threshold model by introducing slack variables might be...

This paper is a critique of the neoclassical theory of investment behavior advanced by Jorgenson and others. The main conclusions are as following: